Geodex Announces Unit Private Placement

Geodex Minerals Ltd. (TSX VENTURE:GXM)(FRANKFURT:G2W) ("Geodex") announces that
it will proceed with a non-brokered private placement of up to 3,333,333 million
units of Geodex (the "Units") at $0.06 per Unit to raise $200,000. Each Unit
will be comprised of one common share and one half share purchase warrant (a
"Warrant"). Each full Warrant is exercisable into one Geodex common share at
$0.10 per share for a period of 12 months from the closing date. 


Proceeds from the private placement will be used to fund a drill program on the
Dungarvon Project in New Brunswick to test the Peaked Mountain
tungsten-molybdenum target and advance the South Dungarvon tin target, as well
as for general corporate purposes.


No finder's fees or commissions will be paid in connection with this placement.
The placement is subject to the approval of the TSX Venture Exchange.


About Geodex

Geodex is a mineral resource company focused on New Brunswick, Canada. Geodex
has continued to actively develop its exploration portfolio focused on the
discovery of critical metals in New Brunswick. Its current main focus is the
Dungarvon Tungsten-Molybdenum Project. Geodex has operated for a decade in New
Brunswick where it has had a number of discovery and development successes
including Sisson and Mount Pleasant West.


ON BEHALF OF THE BOARD OF DIRECTORS

GEODEX MINERALS LTD.

Mark Fields, President & CEO

Forward-Looking Statements

Certain information regarding Geodex contained in this press release may
constitute forward-looking statements within the meaning of applicable
securities laws. Forward-looking statements may include estimates, plans,
opinions, forecasts, projections or other statements that are not statements of
fact. Although Geodex believes that expectations reflected in such
forward-looking statements are reasonable, it can give no assurance that such
expectations will prove to have been correct. Geodex cautions that actual
performance will be affected by a number of factors, many of which are beyond
Geodex's control, and that future events and results may vary substantially from
what Geodex currently foresees. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Geodex Minerals Ltd.
Investor Relations
[phone] or Toll Free: 1-888-999-3500
[phone] (FAX)
[e-mail]
www.geodexminerals.com